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Everclear (prev Connext) is the First Clearing Layer. Everclear addresses liquidity fragmentation for intent solvers, market makers, CEXs, and other institutional actors by operating a liquidity marketplace on L2 that nets and auctions interchain flows. Last year, Everclear pioneered the first Chain Abstraction use case with Renzo by launching "restake from anywhere," attracting over $1 billion in TVL from L2s. The project is backed by Pantera Capital, Consensys, Polychain, 1kx, Coinbase, Hashed, EF, OKX, Dialectic, and others.